Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
Westpac Banking Corporation has tightened its mortgage loan criteria by lowering its loan-to-valuation ratios (LVR) for new full-documentation mortgage customers on Wednesday from 92 per cent to 87 per cent including two per cent for lenders’ mortgage insurance. The LVR for new low-documentation customers has been lowered by Westpac to 80 per cent including LMI. The …
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The Australian Dream or Great Australian Dream is a belief that in Australia, home ownership can lead to a better life and is an expression of success and security. Although this standard of living is enjoyed by many in the existing Australian population, rising house prices compared to average wages are making it increasingly difficult …
Determining your home affordability before buying your dream home is important and perhaps that is why prospective US homeowners have a common query and that is “how much home can I afford?” Undoubtedly this is a crucial matter to deal with and shouldn’t be taken as a child’s play. This is because it is your …
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Research by The Sunday Telegraph has revealed for the first time how skilled immigrants – predominantly from Britain, India and China – are forcing house prices to some of the highest levels in the world when compared with average incomes. Almost 115,000 permanent skilled visas were issued last year, compared with just over 40,000 in …
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In order to maximize your total tax deductible amount at the end of the financial year for a property that’s negatively geared, there’s a range of expenses that can be included in the total annual cost of the property for deduction purposes. 1. Prepaid expenses It’s possible to claim any prepaid expenses that are related …
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The futures market is predicting a 5% RBA cash rate at the end of the year which is 1.25 percentage points higher than it is now. Cash rate is currently at 3.75 per cent after three increases of a quarter of a percentage point in October, November and December in 2009. When cash rate increases …
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Last Saturday (09/01/2010) I went to inspect a 1920’s brick property in West Ryde, Sydney. I arrived about 10 minutes earlier. To my surprise, there were already 5 couples there. Anyway, lots of work need to be done before you can move in. The agent told me the target price is high 700K which I …
Rents are set to soar by as much as 11 percent this year, as landlords seek to cover rising costs amid a strengthening economy. Rents for homes across Australia increased nationally by a mere two per cent in 2009 – the weakest annual increase since 2002, the Australian Property Monitors’ Quarterly Rental Report says. Matthew Bell, …
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An economist says a sharp fall in the number of people taking out home loans is unlikely to stop the Reserve Bank from raising interest rates at its next board meeting in February – according to Yahoo Finance news. Seasonally adjusted figures released today by the Australian Bureau of Statistics show 59,516 new loans for …
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Question: “I notice that the free property investment spreadsheet assumes 2 incomes and sets of deductions. Can this spreadsheet also be used for a single invester rather than a couple with 2 incomes?” Answer: Yes. The free property investment spreadsheet can be used for one investor. Just change the Deductions 1 (%) under Deductions Splits (%) …
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Property Investment Tips Be logical and review these six groups of investment fundamental tips: 1. Location: Does it have schools? Shops? Day care? Car parking? Major shopping area? Cafes? Sporting facilities? 2. Transport: How do people get to work in that area? How far is it to bus stations or train stations? 3. Demographics: Look at …
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Property buyers are being urged to take the plunge early in 2010 to avoid missing out on purchasing their dream property at a price they can afford, according to an article from Yahoo Finance published on 06/01/2010. Meighan Hetherington, Managing Director of Property Pursuit in Brisbane said, “Buyers need to realise that the peaks and …
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Economists say economic growth is set to triple in 2010, according to Yahoo Finance. The Treasury and Reserve Bank expect the growth rate to return to around 3 per cent this year, up from around 1 per cent in 2009. But the surge in economic activity is expected to exacerbate the skills shortage and put …
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Angus Raine, CEO of Raine & Horne is optimistic for the residential property markets in NSW & ACT in 2010. “There is some concern the end of the First Home Owners Boost (FHOB) will hurt the market,” says Mr Raine. “I don’t agree with this assessment. The Federal Government was smart to extend the FHOB …
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It is fair to say that coastal property prices over the past few years are dragging capital city growth. However this means there are now more buying opportunities for people considering a sea change. The biggest advantage associated with coastal living is relatively cheaper costs. One recent industry report found that house prices in coastal …